In July 2025, Former Merrill Lynch broker Isaiah Williams (CRD# 6211219) was arrested following allegations that he stole $2.59 million in funds in more than 130 transactions from the Bank of America account of a former Dolphins defensive safety Reshad Jones, who earned more than $58 million throughout his football career between 2010 and 2019. It is also reported that he laundered $1 million, with the help of Octavia Graham. He was charged with grand theft and fraud.
According to police and court records, it is alleged that he charged two American Express credit cards with numerous expenses, including hotel rooms, airline tickets, car rentals, strip clubs and night clubs, rent, jewelry, designer clothing, child support payments, and legal fees. In August 2025, he received a $9.5 million settlement. According to court records, he was also charged with communications fraud and identity theft.
In April 2025, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to provide information requested by FINRA in connection with its investigation of allegations made by his member firm in Form U4 and U5 filings.” According to his BrokerCheck,
“The findings stated that the firm had filed a U4 amendment disclosing a customer complaint that alleged Williams engaged in misrepresentation and improper OBAs. Subsequently, the firm filed a Form U5 stating that Williams voluntarily resigned while under internal review into allegations of misappropriation, unsuitable asset allocation, misrepresentations, and an improper business activity.”
Isaiah Williams Customer Complaints
He was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Boca Raton, Florida, from 2017 to 2025, when he was terminated regarding, “Conduct involving misappropriation, unsuitable asset allocation, misrepresentations and an improper outside business activity.”
According to BrokerCheck, he has been working as a Managing Director and Chief Executive Officer of Bascom Hill Wealth LLC in Royal Palm Beach, Florida, since December 2024.
He has been the subject of three customer complaints, one of which was denied, according to his CRD report:
July 2025. “Client alleges that the registered representative failed to act in his best interest and recommended an unsuitable asset allocation strategy.” The customer is seeking $3,500,000 in damages. The complaint was regarding a loan management account and managed and wrap accounts.
December 2024. “Client alleges misappropriation, unsuitable asset allocation strategy, misrepresentations and an improper outside business activity.” The customer sought $16,000,000 in damages, and the case was settled for $9,500,000. The complaint was regarding a non-broker-dealer affiliate product.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Isaiah Williams’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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